Arcane

ARCANE Price

About Arcane (ARCANE)

Arcane is a decentralized, non-custodial privacy protocol that enables anonymous transactions natively on the Solana blockchain.

• Utilizes zero-knowledge proofs to break the on-chain link between deposit and withdrawal addresses.
• Operates as a non-custodial system where users retain full control over their assets throughout the process.
• Features immutable smart contracts with no admin keys or upgrade mechanisms to ensure long-term security.

What Is Arcane

Arcane provides on-chain privacy for Solana users, allowing them to move assets without exposing their entire wallet history or balance to the public. Users deposit assets into a shared shielded pool where they blend with other deposits to create an anonymity set. To retrieve funds, a user provides a zero-knowledge proof that they own a valid deposit without revealing which specific one it is.

The ARCANE token is the native utility asset of the protocol, though specific mechanisms like staking or burning are not detailed in available sources. The protocol scales natively with the Solana network, benefiting from its high throughput and low latency.

What Makes Arcane Unique

• Native Solana Integration: Unlike bridges or external privacy chains, Arcane runs directly on Solana smart contracts.
• zk-SNARKs in Rust: The protocol rebuilds the zk-SNARK architecture specifically for Solana's runtime and account model.
• Compliance Tools: Includes a "Proof of Funds" feature that allows users to generate verifiable reports for specific transfers without compromising overall privacy.
• Immutable Architecture: The contracts are designed without backdoors or admin keys, meaning the code cannot be altered after deployment.

What Can You Use Arcane for?

• Private Asset Transfers: Moving funds between wallets for personal reasons, such as paying for services or sending money to family, without public disclosure.
• Shielding Balances: Protecting wallet holdings from public scrutiny to prevent targeted attacks or unwanted observation.
• Selective Transparency: Using the "Proof of Funds" tool to provide compliance data to specific parties while remaining anonymous to the general public.
• Transaction De-linking: Breaking the historical connection between a user's past activities and a fresh wallet address.

How Does Arcane Work?

Arcane uses shared mixing pools powered by zero-knowledge proofs (specifically zk-SNARKs). When a user deposits into the protocol, they receive a "Secret Note" which serves as the private withdrawal key. The protocol verifies the withdrawal by checking the proof against the pool's state, confirming a valid claim without revealing the source. As an application utility token, the protocol charges protocol service fees for these privacy services.

Team Info and Investors

The protocol's smart contracts and zero-knowledge circuits were audited by Hashlock. The source does not specify individual team members, founders, or early investors.

Where can you buy Arcane?

ARCANE tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Arcane is Meteora DAMM V2, where the most active trading pair ARCANE/WSOL has a trading volume of $222.21 in the last 24 hours.

What is the daily trading volume of Arcane (ARCANE)?

The trading volume of Arcane (ARCANE) is $2.18 in the last 24 hours, representing a -94.30% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Arcane (ARCANE)?

Arcane (ARCANE) reached an all-time high of $0.01644 and an all-time low of $0.0₅4788. It’s now trading -100.00% below that peak and 53.70% above its lowest price.

What is the market cap of Arcane (ARCANE)?

Market capitalization of Arcane (ARCANE) is $6,180.99 and is ranked #9875 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ARCANE tokens (840 Million tokens are tradable on the market today).

What is the fully diluted valuation of Arcane (ARCANE)?

The fully diluted valuation (FDV) of Arcane (ARCANE) is $7,358.32. This is a statistical representation of the maximum market cap, assuming the maximum number of 1 Billion ARCANE tokens are in circulation today. Depending on how the emission schedule of ARCANE tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Arcane compare against its peers?

With a price decline of -44.70% in the last 7 days, Arcane (ARCANE) is underperforming the global cryptocurrency market which is down -0.40%, while underperforming when compared to similar Privacy cryptocurrencies which are down -7.90%.